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The Perry Rueben Company

2.86 Acres Zoned Commercial in Ann Arbor

Owner no longer interested in residential development

Owner would like to divest of his property purchased for residential development in a private setting with slightly rolling, secluded section in Ann Arbor. Close to expressways, groceries, all conveniences, yet a very private location. Owner is willing to do a land contract should buyer prefer. Property abuts very nice neighborhoods and is in a great location on paved road. Property currently has mature pines, woods and brush on it.  Is in a scenic location in Ann Arbor proper. Property is zoned Residential. Utilities are available at the street level however would require hooking up.

Financing:  15% down ($39,000 down) with

7% Interest.  5 year land contract amortized over 15 years, with a balloon payment after 5 years.

Ellsworth Rd.  Between Lohr and S, Maple, Ann Arbor, Michigan

Price: $260,000

Real Estate: 2.86 acres - 2 lots

SEV is $108,000

Tax Value: $104,950

Taxes are $3,494 annually

Description